The Successor to Trump's Fed Chair is Coming—Will Interest Rates Decrease in July?

Jerome Powell's job may be in serious jeopardy—and the President of the United States is no longer hiding it. The drama of Trump's potential replacement of the Fed Chair is heating up—and quickly. He has publicly confirmed that he is interviewing new candidates to take over, even though Powell's term runs until May 2026. The change? If this happens, it could reverse the scenario of cutting down the whales, interest rate cuts, inflation policy, and even the dynamics of the crypto market. Replacing Trump's Fed Chair: A plan or pressure? In a move that has shaken Wall Street and Washington, Donald has confirmed he is interviewing candidates to replace Federal Reserve Chairman Jerome Powell before his term ends in May 2026.

Popular crypto pages like Coin Bureau have verified this update on X, signaling strong impacts on the crypto market and driving speculation among traders and analysts. The rift between Trump and Powell escalated further after the president's blunt remarks on June 20-21, 2025, when he called the chairman a "fool," adding that the country was "paying the price for his incompetence," according to reports from Truth Social. This is not the first time he has expressed frustration over Powell's interest rate tariff decisions—but it may be the most serious.

Trump's Fed Chairman Candidates: Who Made the Shortlist? According to a previous post by the founder of Litquidity Capital, one of the possible candidates could be Bill Hwang, a controversial figure in the hedge fund behind the collapse of Archegos, who is reportedly being considered as a leading candidate.

Other names being put forward to replace Jerome include: Kevin Warsh – Former Federal Governor Kevin Hassett – Former Director of the National Economic Council Christopher Waller – Current Federal Reserve Governor Scott Bessent – Former Secretary of the Treasury under Donald As of now, there has been no official confirmation, but Trump's choice for the Fed Chairman could bring about a significant change in monetary policy, especially around the debate regarding interest rate cuts in July 2025. Can Donald really replace the Chairman of the Federal Reserve? Technically, Trump replacing Powell before 2026 faces legal barriers due to Supreme Court precedent protecting the independence of the Fed. However, he may not need to fire Powell immediately. By publicly evaluating potential successors, he may want to pressure the chairman to cut interest rates. Fed officials had previously stated that there would be no rate cuts in July, but with the hardline stance of the U.S. leader, this forecast may change soon. Fall in interest rates in July 2025: Is there a return to the negotiating table now? This new attention to the power struggle comes just a few weeks after the Fed Chairman stated that there would be no cutting down the whales in the short term, citing "economic resilience" and "inflation control." But if the president continues to publicly provide information about replacing Jerome Powell, analysts believe that: The rate of cutting down the whales in July may increase. The crypto market may witness Bitcoin and altcoins collapse along with trading volume. This development is currently directly related to the Federal Reserve's news cycle, affecting everything from bond yields to BTC prices. Conclusion: Is the replacement real or just shaking up the market? Although Trump's replacement of the FED chairman may be legally difficult, this strategy seems effective. By putting forward big names and considering Jerome as unsuitable, the president is dominating the narrative on the cutting down the whales policy. What should every trader pay attention to next? Monitor the results of the FOMC meeting in July. Be alert for sudden changes in the cutting down the whales guidance. Keep an eye on the next public announcements or social media posts from U.S. leaders. Watch for spikes and price volatility in the crypto market until the next major update.